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Automotive Regenerative Braking Market Size By Type (Electric Regenerative Braking System, Hydraulic Regenerative Braking System, Kinetic Regenerative Braking System), By Propulsion (BEV, PHEV, HEV), By Vehicle (Two-wheelers, Passenger Cars, Commercial Vehicles), COVID-19 Impact Analysis, Regional Outlook, Growth Potential, Price Trends, Competitive Market Share & Forecast, 2021 – 2027

  • Report ID: GMI4643
  • Published Date: Aug 2021
  • Report Format: PDF

Industry Trends

Automotive Regenerative Braking Market size surpassed USD 4.5 billion in 2020 and is projected to grow at over 22.4% CAGR from 2021 to 2027. Developments in the regenerative braking system and increasing adoption of electric & hybrids vehicles will provide an opportunistic growth scenario.

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Industry players are continuously investing in R&D to develop better regenerative braking systems and different methods, such as electromagnetic & flywheel to increase the efficiency of energy conversion and storage methods. For instance, in April 2020, the newly launched MK C1 brake system by Continental lowers the carbon dioxide emissions of electric and hybrid cars by nearly five grams per kilometer on average compared to a conventional hydraulic hybrid brake system.

Government regulations and environmental concerns due to vehicle emissions have led to a shift from traditional to hybrid electric vehicles and plug-in hybrid electric vehicles for a sustainable energy source as a part of the green energy initiative.

Electric regenerative braking systems to drive the industry growth

The electric automotive regenerative braking market generated around USD 3.5 billion in 2020. The system utilizes an electric motor as a generator to transform the kinetic energy lost during deceleration and stores the energy in the car’s battery using regenerative technology. For instance, in March 2020, the Tesla Model Y car was launched with an electric regenerative braking system, which offers a higher efficiency ratio through ultracapacitor technology.

Battery electric vehicles to dominate the market

The battery electric vehicles propulsion is set to account for more than 45 million units demand by 2027. Increasing adoption and implementation of systems to enhance vehicle efficiency will significantly boost the industry growth potential. Increasing battery range and energy recovery of vehicles play a significant role by converting vehicle kinetic energy into electricity through motor generators.

Strong government regulations to control environmental pollution and reduce vehicle emissions are encouraging automobile & OEM manufacturers to use developed regenerative braking systems.

Rising demand for electric vehicles to escalate the passenger vehicles segment growth

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The automotive regenerative braking market from passenger cars is anticipated to cross USD 11.5 billion by 2027 owing to increasing vehicle sales globally. Additionally, automobile OEMs are focusing on launching a wide range of regenerative braking systems across a diversified price range for different vehicle models including hatchbacks, sedans, SUVs, MPVs, and crossovers. Automobile manufacturers are incorporating innovative regenerative braking systems in their vehicles to enhance customer experience by reducing CO2 emissions and increasing electric vehicle range.

North America to bank upon supporting government initiatives

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North America automotive regenerative braking market size is forecast to register a growth rate of above 25% during 2021 to 2027 on account of increasing government initiatives to develop infrastructure for electric vehicles. In June 2021, the Canada government announced an investment of about USD 2.35 million for the installation of EV fast chargers in the country. Moreover, tax rebates on electric vehicles and a strict car scrappage policy will propel the industry growth.

Asia Pacific held over 75% of the market revenue share in 2020 driven by the presence of multiple electric vehicle manufacturers, such as Toyota, SAIC, BAIC, Mitsubishi & Honda. Industry participants are expanding their production facilities in countries including India, Japan, and China to serve a larger consumer base.

Companies are focusing on technological advancement to gain market share

The automotive regenerative braking industry participants are developing innovative products to strengthen their foothold. Prominent players operating in the market include Continental AG, ZF Friedrichshafen AG, Punch Powertrain, Bosch Mobility Solutions, Denso, Eaton Corporation plc, and Delphi Automotive.

This market research report on automotive regenerative braking includes in-depth coverage of the industry with estimates & forecast in terms of volume in units and revenue in USD million from 2017 to 2027 for the following segments:

Market, By Type

  • Electric Regenerative Braking System (ERBS)
  • Hydraulic Regenerative Braking System (HRBS)
  • Kinetic Regenerative Braking System (KRBS)

Market, By Propulsion

  • BEV
  • PHEV
  • HEV

Market, By Vehicle

  • Two-wheelers
  • Passenger Cars
  • Commercial vehicles

Market, By region

  • North America
    • U.S.
    • Canada
  • Europe
    • Germany
    • UK
    • France
    • Sweden
    • Norway
    • Netherlands
  • Asia Pacific
    • China
    • Japan
    • India
    • Australia
    • South Korea
    • Brazil
    • Mexico
    • Chile
  • MEA
    • South Africa
Authors: Kiran Pulidindi, Akshay Prakash

Frequently Asked Questions (FAQ) :

The automotive regenerative braking market exceeded USD 4.5 billion in 2020 and will expand at a strong CAGR of 22.4% through 2027, says this GMI report.
The electric regenerative braking segment valued at around USD 3.5 billion in 2020 and will grow with the rising prominence of E-regenerative technologies.
The overall market revenue from battery electric vehicles segment could cross 45 million units by 2027 owing to the robust government policies and rising battery range.
North America automotive regenerative braking market size could grow at a CAGR of over 25% through 2027 due to increasing investments in electric vehicles and the installation of fast chargers.

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Premium Report Details

  • Base Year: 2020
  • Companies covered: 8
  • Tables & Figures: 194
  • Countries covered: 17
  • Pages: 240
  • Upcoming Report: Details can be customized to meet your information and data needs. Feel free to share your detailed research requirements via this form.

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